Concentric Capital Strategies LP Sells 112 Shares of TransDigm Group Incorporated (NYSE:TDG)

Concentric Capital Strategies LP decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,574 shares of the aerospace company’s stock after selling 112 shares during the quarter. Concentric Capital Strategies LP’s holdings in TransDigm Group were worth $5,101,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. FMR LLC grew its stake in TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after buying an additional 43,604 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares in the last quarter. Legal & General Group Plc raised its position in shares of TransDigm Group by 2.6% during the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock worth $467,282,000 after purchasing an additional 9,180 shares during the period. Charles Schwab Investment Management Inc. lifted its position in TransDigm Group by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 338,106 shares of the aerospace company’s stock valued at $482,521,000 after acquiring an additional 4,481 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in TransDigm Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after acquiring an additional 1,035 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research analyst reports. Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. UBS Group reduced their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company cut their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 in the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Trading Up 0.3 %

Shares of TDG opened at $1,252.97 on Monday. The business’s 50 day moving average is $1,346.89 and its 200 day moving average is $1,316.87. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The company has a market capitalization of $70.45 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 2.82 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.